South Africa’s e-commerce landscape has arrived at an important juncture. The explosive growth observed during the pandemic years has slowed down somewhat and consumer spending power has faltered amid low economic growth and a global cost of living crisis. At the same time, competition is heating up.
Category: Business
Business insights, company profiles and industry analysis covering African markets, leadership, entrepreneurship and economic growth.
We need to solve the complex equation of energy transition and grid reliability, says Wärtsilä
Behind the necessary ramp-up of renewable energies, the challenge of integrating them into the power grid occupied centre stage at the North & West Africa […]
Club Med reaches nearly 2 billion Euros in business volume for the first time in its history
After returning to its pre-pandemic level as early as in 2022, Club Med, pioneers of global all-inclusive holidays, reached nearly 2 billion Euros in business volume for the first time in its history. Club Med’s record business performance in 2023 is the result of the transformation of its business model towards an upscale, glocal and happy digital offering, initiated in 2004. In 2023, 97% of the Resort portfolio consisted of Premium and Exclusive Collection Resorts and will achieve 100% by April 2024.
The rise of Gen Z means a rethink of permanent employment is on the horizon
We are witnessing a clash between businesses pushing for in-office work and Gen Z workers who prioritise flexibility, environmental consciousness, and inclusivity. Even remote-working advocate, Zoom, has demanded that those within 80km of the office need to work in-person twice a week. As Gen Z becomes the dominant demographic in the future workforce, project-based independent contracting and remote collaboration are gaining popularity as preferred modes of work. Gary Silbermann, Co-Founder & Innovation Director at One Degree shares that there doesn’t have to be an ongoing battle between C-suites and younger workers.
The African Continental Free Trade Area Investment Protocol signalled a new era in sustainable trade and investment
The African Continental Free Trade Area (AfCFTA) is predicted to increase Africa’s trade income by USD 450 billion by 2035 and will boost intra-African trade by more than 81 percent, according to a recent report by the World Bank.
Curio Collection by Hilton Debuts in East Africa with the Opening of Kwetu Nairobi
Hilton’s lifestyle brand Curio Collection by Hilton debuts in Kenya, with a fusion of historic charm and a refined contemporary design for an immersive guest experience.
How Effective Rebranding Can Redefine and Elevate Your Business
In an era where change is the only constant, businesses must adapt and evolve to stay ahead. Penquin, the brand and communication agency based in Johannesburg, is leading by example, embracing transformation with open arms. The agency recently made headlines with the unveiling of its brand-new logo and refreshed corporate identity (CI), marking a significant milestone in its journey.
Hospitality in Africa is open for increased business
As Africa’s travel and tourism industry surges, fueled by a growing middle class and a projected CAGR of 8.9% or $731.4 billion by 2032 in the “bleisure” market, the demand for innovative hospitality solutions is booming.
Egypt and the Big 5 Dominate Hotel Development in Africa
In 2024, Egypt and the Big 5 global hotel chains—Accor, Hilton, IHG, Marriott International, and Radisson Hotel Group—lead Africa’s hotel development, capturing a market share of 28% and 71% respectively, as per the latest African Hotel Chain Development Pipeline report by W Hospitality Group. With over 92,000 rooms in 524 hotels across the continent, the report highlights a surge in resort growth and Egypt’s remarkable dominance in the market.
South African consumers feel the big squeeze: 99% have changed their FMCG shopping habits to save money
According to NIQ, 44% of South African consumers feel they are in a worse financial position this year compared to a year ago. Of those respondents, 82% say that increased costs of living are to blame for their recent financial struggles, up from 76% a year ago. Nearly two-thirds (62%) state they are worse off due to the economic slowdown, up from 57% a year ago. These findings appeared in “Consumer Outlook 2024″, the latest NIQ Thought Leadership report capturing the mindset and sentiment of consumers around the world.